Hello awesome traders! Hope you’re having a great summer. I’ve been juggling a few projects and a little time off—but eyes always on the charts. Today: Ethereum showing a clean symmetry (equal-legs) bullish setup.
Overview
Pattern: Symmetry / AB=CD (equal-legs) bullish
Context: Price printed D ≈ 4,047 and reclaimed momentum above 4,140, then based inside PCZ1.
Bias: Bullish while holding/reclaiming the PCZ1 band.
Key Levels
PCZ1 (retest/reclaim zone): 4,204 – 4,329
Momentum line: 4,140 (hold above = bulls in control)
Target 1: 4,652 (prior measured level on chart)
Target 2 zone: 5,191 – 5,498
Trade Plan
Primary long: 4H close above 4,329 (top of PCZ1) → look for continuation toward T1 4,652, then T2 5,191–5,498.
Alternative long: Reactive buy on a retest/hold of 4,204–4,220 with a bullish rejection (wick + strong close back inside PCZ1).
If PCZ1 rejects: Watch for a higher-low setup back near 4,260/4,220. Lose 4,140 on a 4H close → stand aside; deeper pullback to 4,080–4,050 possible.
Risk Management
Risk ≤ 1% per idea.
Stops: Conservative below 4,120 (for PCZ1 retest entries) or below 4,040 (for deeper-pullback entries).
Management: Scale at T1, trail to BE after ~1R, leave a runner toward T2 if momentum holds.
Notes
Structure stays valid while 4,140 holds on closing basis and price continues to respect PCZ1.
Confirmation = clean 4H close and hold above 4,329 with rising momentum.
@tradechartpatternslikethepros.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
